mike santelli did just that and teldz tells us what he found. >> the hottest upstart chnology companies had been tramp willed in theresh record highs. a group of heavily hyped and fast growing e-commerce players including food delivery portal grubhub, on line furniture retailer wayfair and etsy had shares crushed losing between 35% and 60% from their peak values.ec now while thet bout of weakness came in response to disappointing quarterly result the action does reflect a broader reckonning forne bues to revolutionize consumer behavior but failing to prove they can do so prosrously. none of the above companies hav shown the sort of reliable generous profit margins of pure technology businesses. just because thehe operate corough an app doesn't mean they enjoy software emics. they're saddled with the cost of real world delivery and many well financed competitors. now the challenges only underscore the vast advantages held by the likes of amazon with the massive scale and vast prime subscriber base. the poor performance of ub eaeuber and lyft reflect investors inwillingneses to endorse si

>>> let's go over to mike santelli now for his third dashboard of the day mike. >> contessa, too manyhaps in the world markets for commodities. we saw a little bit of a drop in oil today. the oil's been okay this month but take a look at copper compared to industrial stocks. so the industrial sector has tried -- been handicapping a global upturn. obviously, emerging market stocks copper, though, very reflective of industrial commodities in general. here you see year to date really no lift at all of course, industrial stocks have tried to handicap or come back the dollars been somewhat strong then of course this market loves cash flows and industrial cash flows are still very strong. commodities produced but i do think there is something to keep in mind as we look toward the prospects for actual economic data in china and elsewhere getting better as the markets have attempted to handicap here. >> obviously having quite an impact mike, thank you. up next, will it be a black friday blowout lines forming over night at the mall of america but can physical retail really hold its own 'ldiuss

after the break, mike santelli looks at how that has changed leading the charge this year. >>> here's check on bonds. yields ticker higher as stocks rally but the ten-year seeing a sizable drop for the week. "closing bell" will be right back it is nice. his haircut is "nice." this is the most-awarded minivan three years in a row. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go® seats. can your car do this? man, y'all getting a hook up and you don't even work here. don't act like i'm not doing y'all a favor. y'all should be singing my praises. pacificaaaaa! purchase and get $5,361 below msrp plus 0% financing for 60 months on the 2019 pacifica limited. financing for 60 months on the 2019 whether your beauty routine is 3or 57,... make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can fi

. >>> as dom mentioned the markets hitting record highs on this holiday shortened trading week mike santelliood frayed news, m&a and pause that refreshed. >> it looks like it at least we had a pause last week, a lot of things came off the boil, semis leading today, they were down a few percent off their highs. i think a lot of people still felt underinvested if we weren't going to get a real dif there is an impatience towards saying we have to increase our exposure. that's a longer-term money that feels as if the path of least resistance to the end of the year might be higher you are not seeing i don't think a huge grab for the cyclical stocks that everyone thought should be reviving a lot of stuff is working but it's been health care and technology that have now kind of assumed the lead and that to me is just kind of, you know, get involved because the market doesn't seem like it wanted to come in that much more, at least not right now. >> as we get into the final weeks of the year here when does tax positioning start to become part of the conversation >> i think that's been an ongoing kind

i'm david februarier with leslie picker and mike santelli carl has the morning off you can see we'reinto positive territory ever so slightly. >> our road map today starts with shares of walmart spiking to new highs, forecasting a good holiday season. >> plus more worries for we work, the company's net loss more than doubling in the third quarter. we'll go through those numbers. >>> and elizabeth warren continuing her war on wealth in a new campaign ad. we'll speak with billionaire democratic candidate tom steyer on her wealth tax, the presidential race and a lot more >>> all smiles for walmart today. shares hitting a record high after the retailer reported better than expected third quarter earnings, although profit remains under pressure. the company is raising full year guidance for the second time this year. walmart's cfo, brett brigs, told cnbc q 3 was a really good quarter. the u.s. consumer remains overall in good shape. we're joined by michael laser. he has a neutral rating on the stock with a $115 price target also robbie holmes he has a buy rating on walmart with a $135 pric

santelli at the cme group in chicago. good morning, rick. >> good morning, mike.at jumps out at most of us when we look in the rear view mirror at how interest rates have behaved not only for the month of november, but for the last couple of months i'll show you. let's take october 1st start date look at two-year note yields other than the volatility in the middle of the chart, the last fed ease, october 30th, we had some movement going into that meeting, with movement going out. very compressed. right now, two year note yields up one on the day and one on the week ten year, a little wider spray pattern on that chart, same thing. lots of volatility around that 10:30 fed meeting going in and out. fla flat one up on the day, one on the week bunds similar as well. it is really starting to have very little volatility close to close. guess what bunds are up 1 on the day, up 1 on the week dollar index, this had a rough october. very quietly and small chunks, coming back. as it sits now, it is at seven week highs mike, david, morgan, back to you. >> rick santelli, thank

santelli in chicago as always with a check on bonds for us hi, rick, good afternoon >> good afternoon. and i like mike's. the problem is, most traders expect yields to go up and correlate with stocks and that isn't the case price means yield are moving down look at an intraday of five year we had a good auction, just like yesterday's two-year and it popped yields briefly over 160, but it wasn't meant to be they dripped back down. look at the end of august on ten-year, that pattern looks heavy, so say traders and technicians. finally, a three-day of the dollar index, lost a little bit of ground today, going sideways, low vol at a lofty level and bertha, looks like nasdaq is doing a sprint into the close. >> another all-time high led by tech, microsoft contributing to that today microsoft and apple together, their market caps are now bigger than the entire russell 2000 but today the small caps put in a newta-week high along with biotechs take a look at this eye-population chart chemocentrics up nearly 300% after strong results on a late stage trial for an autoimmune disease. and splunk up 8 days in a row